Resources Management Corp CT ADV Reduces Position in Fiserv, Inc. (NYSE:FI)

Resources Management Corp CT ADV trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,563 shares of the business services provider’s stock after selling 1,059 shares during the quarter. Resources Management Corp CT ADV’s holdings in Fiserv were worth $6,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FI. Marietta Investment Partners LLC boosted its position in shares of Fiserv by 4.0% during the 2nd quarter. Marietta Investment Partners LLC now owns 47,529 shares of the business services provider’s stock valued at $7,084,000 after acquiring an additional 1,820 shares during the last quarter. Lombard Odier Asset Management Europe Ltd boosted its holdings in Fiserv by 40.9% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 32,414 shares of the business services provider’s stock valued at $4,831,000 after purchasing an additional 9,414 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Fiserv by 2.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,317 shares of the business services provider’s stock valued at $792,000 after buying an additional 129 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $4,666,000. Finally, Public Sector Pension Investment Board raised its position in shares of Fiserv by 62.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,739 shares of the business services provider’s stock valued at $3,240,000 after buying an additional 8,369 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock valued at $36,572,057 over the last ninety days. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $179.27 on Tuesday. The stock’s 50-day simple moving average is $166.70 and its 200-day simple moving average is $157.03. The firm has a market capitalization of $104.89 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $179.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.81 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. BTIG Research began coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price for the company. Wells Fargo & Company raised their price objective on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. TD Cowen upped their target price on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.88.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.